SPCX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h +0.005%

Price spread now: Phoenix against Nado+0.071%57s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.258% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.071%, 7d avg +0.022%

Together, before fees−0.087%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.049% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SPCX-PERP	152.30	0.0209	pay 0.0026% / 1h	17m 37s	$613K	$802K	20x
Short	Phoenix SPCX	152.41	0.0261	get 0.0033% / 1h	17m 37s	$443K	$264K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee PhoenixbpOrdersPrice spread, now +0.071%Rate

Funding earned: $11.1
Price spread: +0.071% → +0.022%: $4.91
Slippage, 4 orders: −$11.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$9.81
Costs to cover: 0.258%
Break-even: 13.2 days

Slippage from Nado: live order book, 36 min ago; Phoenix: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 36 min ago	0.33 bp	5.7 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell Phoenix live order book, 35 min ago	0.33 bp	5.1 bp −$5	15.6 bp −$156	doesn't fit	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0265% / S +0.0494%	1h	152.28	−0.011%	$90K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	+0.104%	$96.3M	$31.5M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.52	+0.144%	$31.3M	$65.9M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.281%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.47	+0.111%	$300K	$2.9M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.62	+0.209%	$8K	$920K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.46	+0.104%	$1.3M	$1.8M	75x	as long as short
Bybit SPCXUSDT	+0.0017%	8h	152.51	+0.137%	$30.6M	$42.7M	100x	as long as short
BloFin SPCX-USDT	+0.0024%	8h	152.43	+0.085%	$1.9M	$1.3M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0031%	1h	152.37	+0.043%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.36	+0.039%	$2.5M	$7.4M	20x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.35	+0.032%	$105K	$297K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.37	+0.045%	—	$1.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.37	+0.045%	$492K	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.37	+0.045%	$1.7M	$99K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.41	+0.071%	$531K	$392K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.22	−0.053%	$3.2M	$2.4M	10x	as long as short
QFEX SPCX-USD	+0.0050%	1h	152.46	+0.104%	$1.2M	$5.7M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0057%	8h	152.49	+0.126%	$101	—	5x	as long as short
Lighter SPCX	+0.0096%	1h	152.39	+0.058%	$1.6M	$7.4M	20x	as long as short
Pacifica SPCX	+0.0100%	1h	152.35	+0.032%	$169K	$120K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.30	−0.001%	$13.0M	$5.4M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.30	−0.001%	$58K	$271K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.42	+0.078%	$14K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.40	+0.064%	$88	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0125%	1h	152.36	+0.039%	$131.4M	$128.2M	20x	as long as short
Variational Omni SPCX	+0.0131%	8h	152.45	+0.097%	$6.0M	$2.9M	—	as long as short
Binance SPCXUSDT	+0.0144%	8h	152.50	+0.131%	$250.6M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0144%	1h	152.45	+0.096%	$731K	$4.2M	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0147%	8h	152.51	+0.137%	$39.4M	$166.4M	75x	as long as short
Nado SPCX-PERPlong	+0.0209%	1h	152.30	long leg	$613K	$802K	20x
Deribit SPCX_USDC-PERPETUAL	+0.0210%	1h	152.39	+0.058%	$86K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0217%	1h	152.50	+0.134%	$408K	$517K	20x	as long as short
Bullet SPCX-USD	+0.0218%	1h	152.41	+0.073%	$11K	$192K	10x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0248%	1h	152.44	+0.091%	$739K	$931K	10x	as long as short
Phoenix SPCXshort	+0.0261%	1h	152.41	+0.071%	$443K	$264K	15x
Aster SPCXUSD1	+0.0433%	8h	152.57	+0.177%	$18.9M	$24.0M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	153.19	+0.584%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0459%	4h	152.44	+0.092%	$1.7M	$892K	20x	as long as short